"On the Road to Mandalay" -- Elaborately draped elephant carries a bellhop, smoking a pipe, and a beautiful woman singing and playing an instrument for him. The mahout grins at the unreasonableness of it all.
Artist: Frank X. Leyendecker
Source: eBay seller ThomasC at American Art Archives, which also has its own wonderful website about American illustrators
Restoration by: magscanner